Airbnb employees will be able to work from almost anywhere they want, the company said, and will not see their pay hanging if they move out of the city.
The new model will apply to employees in the United States, but also those in the United Kingdom and other countries. To work, the company said it would focus on personal collaboration at about quarterly gatherings and would strive to combine the work into two product releases a year, said its CEO and co-founder Brian Cesky.
“We want to hire and retain the best people in the world (like you),” Cesky wrote in an email to staff. “If we limit our range of talent to the travel radius to the workplace around our offices, we would be at a significant disadvantage. The best people live everywhere, not concentrated in one area. And as we gather from a diverse set of communities, we will become a more diverse company.
“Now I understand the worry of not seeing people in the office – how do you know if your employees are doing their job when you can’t see them?” It’s simple for me: I trust you, and flexibility only works when you trust the people on your team. ”
Employees will not be completely free to move as they see fit. For tax reasons, they will have to have a permanent base in the country where they are employed. If they work abroad, they can spend no more than 90 days a year in each country and are responsible for processing their own work permit. And they still have to think about time zones and think about how to actually get to the meetings.
Most importantly, however, the company will no longer pay people based on regional differences. “From June, we will have single levels of pay by country, both for salary and for equity,” Cesky said. “If your pay is adjusted through a lower location-based pay, you’ll receive an increase in June.”
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Other companies that have adopted telecommuting are less generous. Google, Amazon, Apple, Facebook and Microsoft are asking their employees to reduce pay if they move somewhere at a significantly lower cost of living.
Airbnb is recovering from a severe pandemic. The company, whose bookings fell because international travel was canceled, cut a quarter of its staff in May 2020, cutting investment in hotels and luxury apartments and halting plans to move to transport and content creation.
It went public in December 2020, an awkward period for a travel-focused company that has maintained a market capitalization of about $ 100 billion in the 18 months since.
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